{"id":660360,"date":"2010-02-10T11:51:53","date_gmt":"2010-02-10T16:51:53","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=76277"},"modified":"2026-10-04T10:27:35","modified_gmt":"2026-10-04T14:27:35","slug":"swiss-based-ubs-sinks-its-claws-into-bankers-bonuses","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/660360","title":{"rendered":"Swiss-Based UBS Sinks Its Claws Into Bankers\u2019 Bonuses"},"content":{"rendered":"<p>The Swiss bank UBS &#8212; last seen by The New York Times <a href=\"http:\/\/washingtonindependent.com\/76263\/why-obama-doesnt-begrudge-bankers-their-bonuses-this-year\" >supposedly donating to Republicans<\/a> to avoid regulation &#8212; is doing something more in line with President Obama&#8217;s calls to limit executive bonuses when companies fare poorly. UBS, which posted a $2.56 billion loss in 2009, is taking back the $282 in deferred bonuses it gave senior executives after its $19.9 billion loss in 2008.<\/p>\n<p>The Swiss government bailed UBS out with a $5.6 billion investment, since recouped with a profit, but UBS failed to regain profitability in 2009. It did manage to post its first profit in more than a year in the first quarter of its fiscal year, due to a tax credit from the government.<span id=\"more-76277\"><\/span><\/p>\n<p>In contrast to all the whining in the States among bankers subject to executive compensation caps because they&#8217;re still running off American taxpayers&#8217; largesse, UBS doesn&#8217;t expect its bankers to write editorials threatening to quit because their failure to turn a profit doesn&#8217;t net them bonus pay.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Swiss bank UBS &#8212; last seen by The New York Times supposedly donating to Republicans to avoid regulation &#8212; is doing something more in line with President Obama&#8217;s calls to limit executive bonuses when companies fare poorly. UBS, which posted a $2.56 billion loss in 2009, is taking back the $282 in deferred bonuses [&hellip;]<\/p>\n","protected":false},"author":3558,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-660360","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2LMY","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/660360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/3558"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=660360"}],"version-history":[{"count":1,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/660360\/revisions"}],"predecessor-version":[{"id":761922,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/660360\/revisions\/761922"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=660360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=660360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=660360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}